DIRS.INFO The most relevant business & tech news

Nov 3 (Reuters) - Starbucks Corp (SBUX.O) topped Wall Street estimates for quarterly comparable sales and profits on Thursday, saying it will weather any coming recession by selling customized cold drinks through its rewards app to grow its ranks of younger, wealthier customers. Even so, wealthier people keep buying pricier food and drinks from Starbucks and Chipotle Mexican Grill Inc (CMG.N). Some analysts and investors have questioned how Starbucks can meet its global sales guidance of 7% to 9% growth for 2023, especially amid worsening economic conditions. Wall Street analysts expected Starbucks' comparable sales in China to drop by 20%, according to analysts at Gordon Haskett. read moreGlobal comparable sales at Starbucks rose 7% in the fourth quarter ended Oct. 2, while analysts on average had expected a 4.2% rise.

☆ Starbucks Union Expansion Slows a Year Into Labor Drive
▼ + stars: | 2022-10-30 | by ( Heather Haddon | ) www.wsj.com time to read: 1 min

A drive to unionize new Starbucks Corp. cafes is slowing as the coffee chain doles out more pay and expanded benefits to nonunionized cafes. Twelve Starbucks stores petitioned for representation by the Starbucks Workers United union in September, down from a peak of 71 in March, National Labor Relations Board records show. The eight petitions filed in August marked the smallest number since December, when the first Starbucks cafe voting to unionize led to a wave of other locations seeking elections.

☆ Pfizer, Uber and Starbucks Highlight Another Busy Earnings Week
▼ + stars: | 2022-10-29 | by ( Will Feuer | ) www.wsj.com time to read: 1 min

Starbucks on Thursday will report whether customers are paring back on purchases at its cafes. Pfizer Inc., Uber Technologies Inc. and Starbucks Corp. are among the heavyweights headlining another busy earnings week as investors search for insight into the state of the broader economy. Other companies on the docket to issue their latest quarterly reports include Taco Bell parent company Yum Brands Inc. and CVS Health Corp. Investors also will hear from travel companies such as Airbnb Inc., Expedia Group Inc., and Marriott International Inc., payments rivals Block Inc. and PayPal Holdings Inc., and private-equity giants KKR & Co. Inc. and Apollo Global Management Inc.

The workers filed a lawsuit in South Carolina state court against Starbucks and the manager at the store in Anderson, a few miles from Clemson University. They claimed the manager urged police to charge them with assault and kidnapping after the workers pressed her for a raise in August. She then called a Starbucks district manager and falsely claimed the workers were preventing her from leaving the store, the plaintiffs claim. The plaintiffs in Monday's lawsuit said the statement falsely suggested they had threatened the manager and engaged in criminal conduct. The workers accused Starbucks of defamation and abusing the legal process in violation of state law.

☆ Apple workers vote to unionize second U.S. store
▼ + stars: | 2022-10-15 | by ( Doyinsola Oladipo | ) www.reuters.com time to read: +3 min

NEW YORK, Oct 14 (Reuters) - Apple Inc retail workers voted to form a union at an Oklahoma location, the U.S. National Labor Relations Board (NLRB) said on Friday, making it the tech giant's second U.S. store to organize. Employees at the Apple Penn Square store in Oklahoma City voted 56 to 32 in support of joining the Communications Workers of America Union (CWA), securing the needed majority, according to a tally by the NLRB. Apple workers near Baltimore, Maryland, voted in June to join the International Association of Machinists and Aerospace Workers. The CWA in May withdrew an election petition on behalf of Apple workers in Atlanta, Georgia, claiming that Apple had repeatedly violated federal labor law and the rising number of COVID infections among store employees made a fair election impossible, according to the CWA. Some current and former Apple workers last year began criticizing the company's working conditions online, using the hashtag #AppleToo.

☆ Here’s our October rapid-fire update on all 34 stocks in Cramer’s Charitable Trust portfolio
▼ + stars: | 2022-10-13 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +13 min

Here's a rapid-fire update on every stock in the CNBC Investing Club portfolio. For Club members who are seeking income, we think a stock like Devon represents a better option than, say, AbbVie. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ Starbucks sends dates, locations for bargaining sessions with workers union
▼ + stars: | 2022-10-10 | by ( Reuters Staff | ) www.reuters.com time to read: 1 min

FILE PHOTO: Starbucks employees who support unionization protest in the company's hometown ahead of Investor Day, in Seattle, Washington, U.S. September 12, 2022. REUTERS/Hilary Russ/File Photo(Reuters) - Starbucks Corp said on Monday it has sent dates and locations covering 79 stores for contract bargaining sessions to Workers United, the union which represents employees of the world’s largest coffee chain at about 200 cafes. Workers United did not immediately respond to a Reuters request for comment. The union had previously said employees at some stores have waited over five months to start discussions on issues including worker safety and discrimination at the workplace. Starbucks has come under pressure over the past year, with workers in at least 240 company-owned stores in the United States unionizing and pushing for higher wages and better employee benefits.

☆ Starbucks could face 'just cause' bids at hundreds of unionized U.S. cafes
▼ + stars: | 2022-09-26 | by ( Hilary Russ | ) www.reuters.com time to read: +2 min

A Starbucks sign is show on one of the companies stores in Los Angeles, California, U.S. October 19,2018. REUTERS/Mike Blake//File PhotoNEW YORK, Sept 26 (Reuters) - Starbucks plans to start negotiating its first labor contracts with employees at hundreds of unionized U.S. cafes in October, the coffee chain said on Monday. Baristas and shift supervisors in at least 240 company-owned U.S. Starbucks Corp (SBUX.O) locations have unionized in a little over a year. More than 110 Starbucks employees have been terminated for minor issues as retaliation for their union organizing, Moore said. No Starbucks employees have or will be disciplined for supporting unions, the company said earlier this month.

China's 'zero-COVID' policy – including stringent lockdowns, travel restrictions and mass testing - has taken a heavy toll on the country's economy. The government's crackdown on big technology companies has also had an outsized effect on the young workforce. Chinese households overall added 10.8 trillion yuan ($1.54 trillion) in new bank savings in the first eight months of the year, up from 6.4 trillion yuan in the same period last year. China is the only leading economy that cut interest rates this year, in an effort to spur growth. Fu said she switched her makeup powder brand from Givenchy to a Chinese brand called Florasis, which is about 60% cheaper.

☆ Here’s our September rapid-fire update on all 33 stocks in Cramer’s Charitable Trust portfolio
▼ + stars: | 2022-09-15 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +11 min

Here's a rapid-fire update on every stock in the CNBC Investing Club portfolio. Halliburton (HAL) — The only energy stock in the portfolio that we haven't trimmed in recent weeks. (See here for a full list of the stocks Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

The Supreme Court’s decision overturning Roe v. Wade creates new challenges for employers and health insurers covering abortion services, especially whether and how to pay for travel to states where the procedure remains available. Companies including Starbucks Corp., Uber Technologies Inc. and Amazon.com Inc. have said they would reimburse travel for medical services including abortion. Just Eat Takeaway.com N.V.’s Grubhub and Dick’s Sporting Goods said they would provide up to $4,000 to cover expenses traveling for services not available in their home state.

Search resuls for: "Starbucks Corp"

11 mentions found